Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Congressman Tom Emmer Pens Letter to Treasury Secretary Yellen on ‘Unprecedented’ Tornado Cash Sanctions
US Congressman Tom Emmer of Minnesota is seeking clarity on the Office of Foreign Assets Control’s (OFAC) recent banning of crypto mixer Tornado Cash.
In a letter addressed to Treasury Secretary Janet Yellen, Emmer says that the government’s unprecedented sanction of Tornado Cash is unique in that it was imposed against a “privacy-enabling” code.
US Congressman Tom Emmer of Minnesota is seeking clarity on the Office of Foreign Assets Control’s (OFAC) recent banning of crypto mixer Tornado Cash.
In a letter addressed to Treasury Secretary Janet Yellen, Emmer says that the government’s unprecedented sanction of Tornado Cash is unique in that it was imposed against a “privacy-enabling” code.
‘Crypto Lender of Last Resort’ FTX Still Has Enough Cash to Deploy in Industry Bailouts
Sam Bankman-Fried, the chief executive of crypto exchange FTX, has stated that the Bahamas-based company still has enough capital to continue its backstopping activities in the crypto market to benefit the entire ecosystem.
In an interview with CNBC, where he was described as the JPMorgan of the crypto industry, Bankman-Fried, known online as SBF, commented that funds left in the company’s coffers still ran in the $1 billion range.
Sam Bankman-Fried, the chief executive of crypto exchange FTX, has stated that the Bahamas-based company still has enough capital to continue its backstopping activities in the crypto market to benefit the entire ecosystem.
In an interview with CNBC, where he was described as the JPMorgan of the crypto industry, Bankman-Fried, known online as SBF, commented that funds left in the company’s coffers still ran in the $1 billion range.
LBank Exchange Will List HALO COIN (HALO) on October 31, 2022
INTERNET CITY, DUBAI, Oct. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list HALO COIN (HALO) on October 31, 2022. For all users of LBank Exchange, the HALO/USDT trading pair will be officially available for trading at 6:00 UTC on October 31, 2022.
As a multiplayer NFT game, HALO enables players to immerse themselves into a PvP and PvE experience like no other through diverse and intense game modes with fast-paced combat while gaining rewards. Its native token HALO COIN (HALO) will be listed on LBank Exchange at 6:00 UTC on October 31, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Oct. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list HALO COIN (HALO) on October 31, 2022. For all users of LBank Exchange, the HALO/USDT trading pair will be officially available for trading at 6:00 UTC on October 31, 2022.
As a multiplayer NFT game, HALO enables players to immerse themselves into a PvP and PvE experience like no other through diverse and intense game modes with fast-paced combat while gaining rewards. Its native token HALO COIN (HALO) will be listed on LBank Exchange at 6:00 UTC on October 31, 2022, to further expand its global reach and help it achieve its vision.
Bybit joins leading crypto companies to offload 30% of staff, CEO makes alarming revelations
As the broader fintech market continues to cut down on its staff, cryptocurrency firms have followed suit. In an announcement yesterday, the CEO of the leading cryptocurrency exchange Bybit revealed that it would slash its staff number by nearly half the existing amount.
Bybit attempts to push through market volatility with an alarming staff layoff Ben Zhou, the CEO and Co-founder of the firm, took to Twitter to reveal where the company is headed in the long term. In a series of tweets. Zhou made it known that 30% of its staff would have to exit the company.
He made it known that the bear market requires Bybit to remain alert, as it appears to be still ongoing. He’s quoted saying ;
As the broader fintech market continues to cut down on its staff, cryptocurrency firms have followed suit. In an announcement yesterday, the CEO of the leading cryptocurrency exchange Bybit revealed that it would slash its staff number by nearly half the existing amount.
Bybit attempts to push through market volatility with an alarming staff layoff Ben Zhou, the CEO and Co-founder of the firm, took to Twitter to reveal where the company is headed in the long term. In a series of tweets. Zhou made it known that 30% of its staff would have to exit the company.
He made it known that the bear market requires Bybit to remain alert, as it appears to be still ongoing. He’s quoted saying ;
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX customers, on the other hand, “face only the possibility of economic loss,” SBF’s court filing states.
Disputes Over Robinhood SharesFTX co-founder and former CEO Sam Bankman-Fried (SBF) is trying to regain control of his Robinhood shares that are currently disputed by several parties, including SBF himself, the new FTX management, and bankrupt crypto lender Blockfi.
Bankman-Fried has asked the bankruptcy court to deny the motion to enforce the automatic stay (stay motion) filed by the new FTX management on 56,273,269 shares of Robinhood Markets Inc. (Nasdaq: HOOD), worth more than $460 million, a Thursday court filing shows.
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX customers, on the other hand, “face only the possibility of economic loss,” SBF’s court filing states.
Disputes Over Robinhood SharesFTX co-founder and former CEO Sam Bankman-Fried (SBF) is trying to regain control of his Robinhood shares that are currently disputed by several parties, including SBF himself, the new FTX management, and bankrupt crypto lender Blockfi.
Bankman-Fried has asked the bankruptcy court to deny the motion to enforce the automatic stay (stay motion) filed by the new FTX management on 56,273,269 shares of Robinhood Markets Inc. (Nasdaq: HOOD), worth more than $460 million, a Thursday court filing shows.
Jump Trading Is The Unnamed Firm That Made $1.28 Billion Before Terra’s Collapse
When the Securities and Exchange Commission (SEC) sued Do Kwon and Terraform Labs, it mentioned a mysterious third party in its complaint which played a huge role in the tokens associated with the Terra ecosystem. The crypto community scrambled to identify this unnamed firm, which made a whopping $1.28 billion before the collapse of Do Kwon’s crypto empire. Reports have now emerged identifying Chicago-based Jump Trading as the mysterious firm.
The SEC’s court filing mentioned a third party that helped Terraform Labs restore TerraUSD’s (UST) dollar peg when it dropped below $1 in May 2021. As per the complaint, Do Kwon and his firm secretly negotiated a deal with a third party under which the latter would purchase massive amounts of UST to restore its peg. However, the quid pro quo allowed this third party to make exponential returns on its investment.
When the Securities and Exchange Commission (SEC) sued Do Kwon and Terraform Labs, it mentioned a mysterious third party in its complaint which played a huge role in the tokens associated with the Terra ecosystem. The crypto community scrambled to identify this unnamed firm, which made a whopping $1.28 billion before the collapse of Do Kwon’s crypto empire. Reports have now emerged identifying Chicago-based Jump Trading as the mysterious firm.
The SEC’s court filing mentioned a third party that helped Terraform Labs restore TerraUSD’s (UST) dollar peg when it dropped below $1 in May 2021. As per the complaint, Do Kwon and his firm secretly negotiated a deal with a third party under which the latter would purchase massive amounts of UST to restore its peg. However, the quid pro quo allowed this third party to make exponential returns on its investment.
The String Theory of Bitcoin Predicts Two More Months of Price Rally
We are witnessing an astonishing rally in the cryptocurrency market, with the price of BTC increasing more than 68% during the last 90 days.
The rally is much older and much greater than the recent bull run on the banking crisis. Only 13% can be attributed to the crisis as of March 22, 2023.Our new theory suggests that the recurring shock of the four-year Bitcoin halving – a sudden event when the inflation of Bitcoin halves – triggers not just great bull runs but also a wave-like resonance in the price of Bitcoin – akin to the vibrations of a string being plucked.
This physical analogy helps us to understand the ongoing bull run better.
We are witnessing an astonishing rally in the cryptocurrency market, with the price of BTC increasing more than 68% during the last 90 days.
The rally is much older and much greater than the recent bull run on the banking crisis. Only 13% can be attributed to the crisis as of March 22, 2023.Our new theory suggests that the recurring shock of the four-year Bitcoin halving – a sudden event when the inflation of Bitcoin halves – triggers not just great bull runs but also a wave-like resonance in the price of Bitcoin – akin to the vibrations of a string being plucked.
This physical analogy helps us to understand the ongoing bull run better.
Exploring The Practical Applications of Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) Utility Tokens In Various Industries
Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) are three utility tokens that have garnered attention for their potential real-world applications in various industries. Orbeon Protocol (ORBN) is a new player in the market and is currently in its presale phase, while Quant (QNT) and ApeCoin (APE) have already gained traction in their respective fields. Let’s delve deeper into these utility tokens’ potential practical applications.
Quant (QNT)Quant (QNT) is an innovative blockchain project attracting attention for its groundbreaking approach to connecting diverse blockchains and networks. Quant (QNT) serves as a conduit between various networks, facilitating communication and data exchange among them.
The impressive feat of Quant (QNT) is accomplished through the Overledger Network, a cutting-edge technology designed to enable interoperability between different blockchains and networks. To access and utilize the features of the Overledger Network, users must acquire Quant (QNT) tokens.
Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) are three utility tokens that have garnered attention for their potential real-world applications in various industries. Orbeon Protocol (ORBN) is a new player in the market and is currently in its presale phase, while Quant (QNT) and ApeCoin (APE) have already gained traction in their respective fields. Let’s delve deeper into these utility tokens’ potential practical applications.
Quant (QNT)Quant (QNT) is an innovative blockchain project attracting attention for its groundbreaking approach to connecting diverse blockchains and networks. Quant (QNT) serves as a conduit between various networks, facilitating communication and data exchange among them.
The impressive feat of Quant (QNT) is accomplished through the Overledger Network, a cutting-edge technology designed to enable interoperability between different blockchains and networks. To access and utilize the features of the Overledger Network, users must acquire Quant (QNT) tokens.
Whales Perfectly Signaled Top for Ethereum-Based Altcoin After All-Time High Surge: Analytics Firm Santiment
Crypto whales have helped put in a major top at all-time highs for an Ethereum (ETH)-based altcoin project, according to blockchain data from insights firm Santiment.
According to Santiment, whales took profit right at all-time highs when Rocketpool (RPL) peaked above $61.
Crypto whales have helped put in a major top at all-time highs for an Ethereum (ETH)-based altcoin project, according to blockchain data from insights firm Santiment.
According to Santiment, whales took profit right at all-time highs when Rocketpool (RPL) peaked above $61.
Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda
American crypto giant Coinbase has signed a licensing deal with Vienna-based Bitpanda, amid its push to increase its global presence. The deal will see the Austrian crypto exchange connect its American counterpart with European financial institutions that are looking to offer crypto products to their clients.
Coinbase Seeks To Increase Global Footprint Amid U.S. Crypto CrackdownAccording to a recent report by CoinDesk, the new partnership will see Coinbase use Bitpanda’s B2B infrastructure layer provider to cater to European banks and fintech firms. The American exchange will provide liquidity and custody to Bitpanda, which already has relationships with several banks, neo-banks and fintech platforms, including Raiffeisenlandesbank, European mobile
Speaking on the deal with Coinbase, Bitpanda’s COO Lukas Enzersdorfer-Konrad said that the American exchange will be able to leverage Bitpanda’s services to use an infrastructure middle layer and increase its customer base in Europe. During the announcement, both exchanges highlighted that they are regulated entities that conform to the highest know your customer (KYC) norms.
American crypto giant Coinbase has signed a licensing deal with Vienna-based Bitpanda, amid its push to increase its global presence. The deal will see the Austrian crypto exchange connect its American counterpart with European financial institutions that are looking to offer crypto products to their clients.
Coinbase Seeks To Increase Global Footprint Amid U.S. Crypto CrackdownAccording to a recent report by CoinDesk, the new partnership will see Coinbase use Bitpanda’s B2B infrastructure layer provider to cater to European banks and fintech firms. The American exchange will provide liquidity and custody to Bitpanda, which already has relationships with several banks, neo-banks and fintech platforms, including Raiffeisenlandesbank, European mobile
Speaking on the deal with Coinbase, Bitpanda’s COO Lukas Enzersdorfer-Konrad said that the American exchange will be able to leverage Bitpanda’s services to use an infrastructure middle layer and increase its customer base in Europe. During the announcement, both exchanges highlighted that they are regulated entities that conform to the highest know your customer (KYC) norms.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Analyst PlanB Says One Signal Suggests ‘Accelerated’ Bull Market Ahead for Bitcoin (BTC)
Quant analyst PlanB says there’s an indicator suggesting that Bitcoin (BTC) is ready for an accelerated bull market.
In a new strategy session on YouTube, PlanB tells his 51,600 subscribers that Bitcoin’s realized cost price, which is the average value of BTC supply calculated at the price at which coins were last moved, is signaling that a more pronounced bull market is likely underway.
Quant analyst PlanB says there’s an indicator suggesting that Bitcoin (BTC) is ready for an accelerated bull market.
In a new strategy session on YouTube, PlanB tells his 51,600 subscribers that Bitcoin’s realized cost price, which is the average value of BTC supply calculated at the price at which coins were last moved, is signaling that a more pronounced bull market is likely underway.
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed FTX reorganization plan is targeting a comprehensive settlement between FTX and its creditors, encompassing both customers and associated FTX companies.
FTX Targets Recovery With Offshore Exchange Plan, New Trust Amid BankruptcyOn July 31, 2023, FTX’s current CEO, John J. Ray III, said the team filed the reorganization plan early in the bankruptcy process to get feedback from creditors. FTX wants to work with creditors in the third quarter of 2023 to amend the plan and file a disclosure statement in the fourth quarter.
Ray thanked the FTX team for reaching this milestone amidst continuing efforts to maximize recoveries for customers and creditors. He also thanked the independent Board of Directors for providing governance and leadership during the bankruptcy process.
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed FTX reorganization plan is targeting a comprehensive settlement between FTX and its creditors, encompassing both customers and associated FTX companies.
FTX Targets Recovery With Offshore Exchange Plan, New Trust Amid BankruptcyOn July 31, 2023, FTX’s current CEO, John J. Ray III, said the team filed the reorganization plan early in the bankruptcy process to get feedback from creditors. FTX wants to work with creditors in the third quarter of 2023 to amend the plan and file a disclosure statement in the fourth quarter.
Ray thanked the FTX team for reaching this milestone amidst continuing efforts to maximize recoveries for customers and creditors. He also thanked the independent Board of Directors for providing governance and leadership during the bankruptcy process.
Blockchain Ticketing Platform Valicit Surpasses 230,000 Ticket Sales for Numi Metaverse’s Opening on Venom Blockchain
Valicit, a renowned blockchain ticketing platform, announced that it has seen an impressive surge in demand for the grand opening of Numi Stories Club 404, a highly-anticipated metaverse event.
Numi Stories, a mobile app featuring adorable anime-style characters on musical adventures, has integrated the Valicit platform to encourage blockchain users to attend its metaverse’s opening event. The sought-after Club 404 tickets offered on the Valicit Marketplace provide holders exclusive early access to multiplayer features within the Numi Stories game.
Valicit, a renowned blockchain ticketing platform, announced that it has seen an impressive surge in demand for the grand opening of Numi Stories Club 404, a highly-anticipated metaverse event.
Numi Stories, a mobile app featuring adorable anime-style characters on musical adventures, has integrated the Valicit platform to encourage blockchain users to attend its metaverse’s opening event. The sought-after Club 404 tickets offered on the Valicit Marketplace provide holders exclusive early access to multiplayer features within the Numi Stories game.
The Open Network (TON) To Attempt World Record for the Fastest Blockchain
October 11, 2023 – Zug, Switzerland
Today, The Open Network Foundation (TON Foundation) announces their upcoming attempt to officially be named the world’s fastest blockchain.The public network performance test, which is scheduled for October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability and speed of The Open Network (TON) blockchain.
TON Foundation will collaborate with Alibaba Cloud, among others, to set up 256 servers for validator nodes and start a separate TON blockchain network for performance tests.
October 11, 2023 – Zug, Switzerland
Today, The Open Network Foundation (TON Foundation) announces their upcoming attempt to officially be named the world’s fastest blockchain.The public network performance test, which is scheduled for October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability and speed of The Open Network (TON) blockchain.
TON Foundation will collaborate with Alibaba Cloud, among others, to set up 256 servers for validator nodes and start a separate TON blockchain network for performance tests.
AI and Blockchain Will Revolutionize the Gaming World Forever
Traditional gaming, as we know it, is gasping its last breaths. We’re hurtling towards a future where AI and blockchain don’t merely complement – they command the gaming domain.
AI, having reshaped industries far and wide with its unerring knack for prediction and personalization, is not just enhancing gaming realism – it’s obliterating the boundaries of what we once thought possible.
On the other hand, Web 3.0 – with its decentralized might – is giving the player a seat at the decision-making table, turning them from passive participants into the very epicenter of their gaming universes.
Traditional gaming, as we know it, is gasping its last breaths. We’re hurtling towards a future where AI and blockchain don’t merely complement – they command the gaming domain.
AI, having reshaped industries far and wide with its unerring knack for prediction and personalization, is not just enhancing gaming realism – it’s obliterating the boundaries of what we once thought possible.
On the other hand, Web 3.0 – with its decentralized might – is giving the player a seat at the decision-making table, turning them from passive participants into the very epicenter of their gaming universes.
DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’
The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One lawyer opined, “Ask yourself why is this case being dropped in an election year,” noting that SBF gave the Biden administration $10 million and had personal meetings with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler and SEC staff.
DOJ’s Decision on SBF Trial Outrages Crypto IndustryThe U.S. Department of Justice (DOJ) has decided not to pursue a second trial against former FTX CEO Sam Bankman-Fried (SBF). The second trial, which had been slated to start in March, addresses an additional set of criminal counts against Bankman-Fried, including campaign finance charges.
The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One lawyer opined, “Ask yourself why is this case being dropped in an election year,” noting that SBF gave the Biden administration $10 million and had personal meetings with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler and SEC staff.
DOJ’s Decision on SBF Trial Outrages Crypto IndustryThe U.S. Department of Justice (DOJ) has decided not to pursue a second trial against former FTX CEO Sam Bankman-Fried (SBF). The second trial, which had been slated to start in March, addresses an additional set of criminal counts against Bankman-Fried, including campaign finance charges.
Ark Invest Discusses 4 ‘Major Catalysts’ Driving Bitcoin Price in 2024
Asset management firm Ark Invest has highlighted four major catalysts that will drive the price of bitcoin this year. “Bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios,” Ark described in its Big Ideas 2024 publication. “The shift in perception of bitcoin — from a speculative instrument to a strategic investment in a diversified portfolio — should characterize its evolution in 2024.”
Ark Invest’s Big Ideas 2024Ark Investment Management (Ark Invest) published its “Big Ideas 2024” on Wednesday. “Big Ideas offers a comprehensive analysis of technological convergence and its potential to revolutionize industries and economies,” the asset management firm explained. Citing Ark’s research, the report states that “bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios.”
The Big Ideas report discusses various topics, including four “major catalysts” that Ark expects to drive the price of bitcoin in 2024. The first is the launch of spot bitcoin exchange-traded funds (ETFs) in January. Ark explained that spot bitcoin ETFs “are traded on major stock exchanges, allowing investors to buy and sell shares through their existing brokerage accounts, and should reduce the learning curve and operational complexities associated with direct investments in bitcoin.” Ark was one of the asset managers that launched a spot bitcoin ETF on Jan. 11.
Asset management firm Ark Invest has highlighted four major catalysts that will drive the price of bitcoin this year. “Bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios,” Ark described in its Big Ideas 2024 publication. “The shift in perception of bitcoin — from a speculative instrument to a strategic investment in a diversified portfolio — should characterize its evolution in 2024.”
Ark Invest’s Big Ideas 2024Ark Investment Management (Ark Invest) published its “Big Ideas 2024” on Wednesday. “Big Ideas offers a comprehensive analysis of technological convergence and its potential to revolutionize industries and economies,” the asset management firm explained. Citing Ark’s research, the report states that “bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios.”
The Big Ideas report discusses various topics, including four “major catalysts” that Ark expects to drive the price of bitcoin in 2024. The first is the launch of spot bitcoin exchange-traded funds (ETFs) in January. Ark explained that spot bitcoin ETFs “are traded on major stock exchanges, allowing investors to buy and sell shares through their existing brokerage accounts, and should reduce the learning curve and operational complexities associated with direct investments in bitcoin.” Ark was one of the asset managers that launched a spot bitcoin ETF on Jan. 11.
Ark Invest Raises Stakes, Projects Bitcoin Price Surge to $2.3 Million by 2030
Ark Invest has significantly increased its confidence in the potential of Bitcoin, projecting a remarkable surge in its price to $2.3 million by 2030.
This optimistic outlook, disclosed in the firm’s annual research report released on Friday, took into consideration various factors influencing the cryptocurrency market, smart contract platforms, and the broader landscape of emerging technologies.
Ark Invest’s projections suggested that if Bitcoin’s share in global investment portfolios rises to a modest 1%, its price could soar to $120,000. However, the investment firm added that its banking on the best scenario where this share increases to 19.4%, propelling Bitcoin to an unprecedented $2.3 million in the next six years.
Ark Invest has significantly increased its confidence in the potential of Bitcoin, projecting a remarkable surge in its price to $2.3 million by 2030.
This optimistic outlook, disclosed in the firm’s annual research report released on Friday, took into consideration various factors influencing the cryptocurrency market, smart contract platforms, and the broader landscape of emerging technologies.
Ark Invest’s projections suggested that if Bitcoin’s share in global investment portfolios rises to a modest 1%, its price could soar to $120,000. However, the investment firm added that its banking on the best scenario where this share increases to 19.4%, propelling Bitcoin to an unprecedented $2.3 million in the next six years.